Allowing the appeal of the assesse the Tribunal held that ; Commissioner passed the order without giving any finding or conclusion as to how order of Assessing Officer was erroneous on merits and without even putting assessee on notice, said order was to be set aside ( AY. 2012-13)
Sadhana Stocks & Securities (P.) Ltd. v. PCIT (2018) 168 ITD 499 (Kol) (Trib.)
S. 263 : Commissioner – Revision of orders prejudicial to revenue – Derivative loss – Setting a side of order without giving any finding was held to be bad in law [ S.43(5) ]